MIRA
INFORM REPORT
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Report Date : |
12.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
SHUBH JEWELS BVBA |
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Registered Office : |
Pelikaanstraat 62-601 2018
Antwerpen |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
06.04.2006 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trade in,
import and export, giving and taking in consignment, representing, commission
trade in rough diamonds and cutted diamonds, precious stones, jewels,
precious metals and related articles. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
Shubh Jewels Bvba
Pelikaanstraat
62-601
2018 ANTWERPEN
Tel.:+32
(0)3-2323299
Legal
status
Private limited company
Founded
06/04/2006 as BVBA
Trade
register
99934697
Capital
Nominal EUR 18.600,--
Issued and paid up EUR 18.600,--
Management
-Tanveer Sureshchandra Sadhani
Activity
Trade in,
import and export, giving and taking in consignment, representing,
commissiontrade in rough diamonds and cutted diamonds, precious stones, jewels,
precious metals and related articles.
Staff
1 employee.
Turnover
Net turnover:
2006 Euro 1.071.752
Real
estate
The business
premises at the mentioned address has been rented by the company, as far as we know.
Finances
See balance sheet
Remarks
Net result:
2006 Euro 2.605
The
shareholders equity was as of:
31/12/2006 Euro 21.205
The working
capital was as of:
31/12/2006 Euro 18.400
Bank
relationship: Antwerpse Diamantbank.
Banks
Under remarks
VAT-nr.
BE880934697
Mode
of payment
No complaints have been
registered
Credit
demand
No objections against
entering into a business relationship.
The following financial data is retrieved from
the corporate balance sheet of :
Shubh Jewels Bvba
BALANCE SHEET
Corporate in Euro(x
1)
-------- ------31-12-2006---
Intangible assets 0 0
Tangible assets 0 1.689
Financial assets 0 1.116
Miscellaneous fixed assets 0 0
Total fixed assets 0 2.805
Stock 0 125.042
Receivables 0 220.209
Shares 0 0
Liquid assets 0 94.076
Miscellaneous current assets 0 2.442
Total current assets 0 441.769
Shareholders
equity 0 21.205
Provisions 0 0
Long-term liabilities 0 0
Current liabilities 0 423.369
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 0 444.574
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1)
-------- ------31-12-2006---
Turnover 0 1.071.752
Other income 0 0
Total expenses 0 1.067.041
Operating profit 0 4.711
Balance financial P/L 0 -1.076
Net profit/loss 1] 0 3.635
Taxation 0 1.030
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 0 2.605
Balance extraordinary P/L 0 0
Taxation 0 0
Extraordinary P/L 2] 0 0
Res. sub. companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result 0 2.605
----------------------------------------------------------------------------------------------------------------
Legend : 1]
= Before tax
2]
= After tax
FINANCIAL
RATIOS
---------- -----2006-----
EQUITY
%
Equity gearing 0 4,8
Equity/outside capital 0 5
LIQUIDITY
Current ratio 0 1
Acid test 0 0,7
RATES OF RETURN %
Total assets 0 0,8
Shareholders
equity 0 17,1
Pre tax margin
% 0 0,3
Turnover rate 0 241,1
(x
1)
-------------------- --------------------
Working capital 0 18.400
Shareholders
equity + Equalization acc. 0 21.205
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.82 |
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UK Pound |
1 |
Rs.84.89 |
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Euro |
1 |
Rs.68.07 |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)